- Last Price€1.07
- Market Cap€4.25M
- All-Time Low€0.67
- Circulating Supply3.95M
- Turnover (24h)€658.68K
- All-Time High€1.1
- Total Supply3.95M
- Fully Diluted Market Cap€4.25M
Learned by 205 usersPublished on 2024.04.03Last updated on 2024.12.03
€1.07
+0.44%Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
How to Buy VNX Swiss Franc (VCHF)Learn now
In an ever-evolving financial landscape, the integration of stable cryptocurrencies into the digital economy is gaining significant momentum. One such innovative project is the VNX Swiss Franc ($VCHF), a stablecoin designed to provide the stability and reliability of the Swiss Franc within the volatile crypto market. By combining the benefits of tokenisation and traditional asset backing, VCHF aims to appeal to users looking to navigate the complexities of digital finance securely.
VNX Swiss Franc ($VCHF) is a multichain stablecoin that aims to maintain a stable value by pegging itself to the Swiss Franc. What sets it apart from numerous other cryptocurrencies is its backing by tokenised gold, providing an additional layer of tangible value and stability. Created by VNX Commodities, which operates under the blockchain regulations set by the Liechtenstein Financial Market Authority (FMA), VCHF facilitates various financial operations in both centralised finance (CeFi) and decentralised finance (DeFi).
The primary goals of VCHF include:
The VNX Swiss Franc ($VCHF) is the brainchild of VNX Commodities, a company that has been granted licensing under the Blockchain Act by the Liechtenstein Financial Market Authority (FMA). VNX Commodities specialises in leveraging blockchain technology to tokenize traditional financial assets, and its foundational philosophy is to contribute to the stability and reliability of the digital asset sphere.
While VNX Commodities has made significant strides in the blockchain space, specific details about its investors have not been publicly disclosed. This approach may be intentional, reflecting a strategy of prioritising operational transparency while maintaining investor privacy.
At its core, VNX Swiss Franc ($VCHF) operates as a stablecoin that mirrors the Swiss Franc, benefitting from its reputation as a strong and stable currency. The unique aspect of VCHF lies in its backing by tokenised gold, which not only contributes to its stability but also establishes intrinsic value.
The operational mechanics of VCHF include:
Multichain Framework: Initially launched on the Ethereum and Q blockchains, VCHF aims to expand its accessibility by integrating with additional blockchain protocols. This multichain design enhances usability and facilitates seamless interactions for users who engage in diverse blockchain ecosystems.
Asset Backing: The value of VCHF is underpinned by gold tokens that offer a hedge against market fluctuations, providing users with confidence during periods of uncertainty.
Regulatory Compliance: Adherence to the Blockchain Act ensures that VCHF meets stringent standards of regulatory oversight and legitimacy, which is crucial in today's market.
Through these operational strategies, VCHF presents users with a stable and versatile asset in the digital finance landscape.
The journey of VNX Swiss Franc ($VCHF) has been marked by several key milestones. Here is a timeline of important events in the project's history:
VNX Swiss Franc ($VCHF) is characterised by several distinctive features:
To ensure the security and integrity of VNX Swiss Franc ($VCHF), several measures have been implemented:
The advantages of using VNX Swiss Franc ($VCHF) are nuanced yet impactful:
VNX Swiss Franc ($VCHF) offers a multitude of practical applications:
The emergence of VNX Swiss Franc ($VCHF) signifies a robust step toward integrating the reliability of traditional finance with the innovative world of cryptocurrencies. By aligning the stability of the Swiss Franc with tokenised gold, VCHF provides a compelling solution for users wanting to engage within the crypto ecosystem securely. With its ongoing development and multichain strategy, the project promises versatility and security, earning its position in the expanding universe of digital assets. How it evolves will undoubtedly be of interest to both current participants and future investors in the space.
Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of VCHF (VCHF) are presented below.
MZH Zee
2025-7-16Stock-to-Flow Ratio Soars to 592: Is Ethereum Too
Stock-to-Flow Ratio Soars to 592: Is Ethereum Too Scarce to Ignore? Ethereum’s Stock-to-Flow ratio has soared to 592 at the time of writing, a recent high. This sharp rise reflects that the market is
juissynft
2023-3-20🥇 New Goldman Sachs research data shows bitcoin is the best market performing asset in the world this year!
Cryptonian
2023-5-21What Next 🎯?
bitcoinconference 2019 $BTC 🔻 -35% in 21 days #bitcoinconference 2020 canceled #bitcoinconference 2021 $BTC 🔻 -27% in 19 days #bitcoinconference 2022 $BTC 🔻 -41% in 36 days #BitcoinConference2023 ???